In these rules, 1unless the context otherwise requires—
(i) ‘Act’ means the Punjab Welfare Fund Act, 1965.
(ii) ‘Form means a form appended to these rules.
(iii) ‘Section’ means a section of the Act.
3. Agency for the manner of collecting sums specified in sub-section (3) of Section 3.
Section 3(3) and 27(2)(a). -- (1) Every employer shall pay in cash or by money order or by postal order or by demand draft or cheque drawn on the State Bank of India or any Scheduled Bank duly crossed in favour of the Welfare Commissioner within thirty days of the commencement of these rules—
(a) all finds realized from the employees and remaining unutilized on such commencement; and
(b) all unpaid accumulations held by the employer on such commencement.
(2) The employer shall along with such payments submit a Statement to the Welfare Commissioner giving full particulars of the amounts so paid.
(3) Thereafter all fines realized form the employees and unpaid accumulations during the quarters, ending the 31st. December shall be paid by the employer in the manner aforesaid to the Board by the 1st. May, the 1st. August, the 1st. November and the 1st. February, succeeding such quarter and a statement giving particulars of the amounts so paid shall be submitted by him along with such payment to the Welfare Commissioner.
(4) The receipt of every payment received by the Welfare Commissioner shall be acknowledged by him in writing to the employer.
FOR PUNAJB
(5) All the moneys belonging to the Fund shall be deposited in the State Bank of India or any Nationalised Bank or in the Punjab State Co-operative Bank Limited in the Current account of the Fund. The grants and subsidies received from the State government shall also be deposited by the Welfare commissioner into the said accounts;
1 Substituted by Haryana Govt. Notification No. G.S.R. 165/P.A./17/S.27/71, dated 23.12.1971